Every 8-K that Banc of California, Inc. (BANC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow BANC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BANC filings page.
Banc of California reported second-quarter 2026 results dominated by a strategic balance sheet repositioning that produced a large accounting loss but is designed to raise future earnings. The bank sold $2.3 billion of lower-yielding securities, initiated the sale of $827.0 million of select commercial real estate and multi-family construction loans, and retired $385.0 million of subordinated debt ahead of a higher rate reset.
These moves drove a net loss available to common and equivalent stockholders of $251.3 million, or $(1.61) per diluted share, including a $256.7 million pre-tax loss on securities and a $161.8 million provision for credit losses tied largely to loans transferred to held for sale. Net interest income was $250.5 million and net interest margin was 3.13%, down from 3.24% in the prior quarter.
Core franchise metrics remained resilient: average loans grew 2.3% quarter over quarter, total deposits rose to $28.1 billion, and the loan‑to‑deposit ratio was 89.3%. Credit quality indicators improved, with total delinquent loans falling to 0.72% of loans held for investment and classified and special mention loans declining as a share of the portfolio. The allowance for credit losses on loans was 1.14% of loans and leases, and the holding company reported a 9.25% common equity tier 1 capital ratio. Management expects net interest margin to increase to about 3.30% after the targeted loan sale closes and has outlined 2026 year-end targets including NIM of 3.30–3.40% and return on average tangible common equity of 11.5–12.5%.
Banc of California, Inc. reported the results of its 2026 Annual Meeting of Stockholders. As of the March 13, 2026 record date, 153,778,367 shares of voting common stock were outstanding. Stockholders elected ten director nominees, each for a one-year term ending at the 2027 annual meeting.
Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2026, with 129,027,721 votes for and 263,457 against. On an advisory basis, stockholders approved executive compensation, with 94,559,017 votes for and 22,541,537 against, and approved the Company’s Second Amended and Restated 2018 Omnibus Stock Incentive Plan, with 115,167,771 votes for and 2,216,600 against.
Banc of California, Inc. reported first quarter 2026 net earnings available to common and equivalent stockholders of $62.0 million, or $0.39 diluted EPS, up 50% from $0.26 a year earlier. Total revenue was $286.9 million, up 8% year over year, driving a 28% increase in pre-tax pre-provision income to $105.6 million.
Net interest margin expanded to 3.24% from 3.08% a year ago as the average total cost of deposits fell to 1.78%. Average total loans grew, with first quarter loan production and disbursements of $2.1 billion at a 6.65% weighted average rate.
Total noninterest expense declined 1% year over year to $181.4 million, improving the efficiency ratio to 61.00%. Book value per share rose to $19.80 and tangible book value per share to $17.77, both up high single to low double digits year over year.
Asset quality weakened somewhat: total delinquent loans and leases increased to $345.1 million, or 1.39% of loans and leases held for investment, and nonperforming loans and leases rose to $185.7 million. The allowance for credit losses on loans was $276.5 million, equal to 1.12% of total loans and leases, while the economic coverage ratio was 1.60%.
The company repurchased 1.7 million common and equivalent shares for $31.9 million and extended its $300 million stock repurchase program through March 2027. It also announced plans to redeem $385 million of subordinated debt. Regulatory capital ratios remained well above “well-capitalized” thresholds, with an estimated 12.54% Tier 1 capital ratio and 10.18% common equity Tier 1 ratio at the holding company level, supported by total assets of $34.7 billion and liquidity of $14.2 billion.
Banc of California, Inc. filed a new universal shelf registration statement on Form S-3 that became effective immediately and replaces its prior universal shelf registration filed in 2023. A universal shelf lets the company register various types of securities for potential future issuance under one umbrella document.
The company also filed a prospectus supplement covering the potential resale from time to time of its voting common stock by certain selling stockholders. These resale rights arise under a Registration Rights Agreement dated November 30, 2023, which requires the company to keep an effective shelf registration while registrable securities remain outstanding.
The filing also includes a legal opinion and related consent from Silver, Freedman, Taff & Tiernan LLP relating to the resale prospectus, which is incorporated into the new 2026 registration statement. The company emphasizes that this disclosure does not itself represent an offer to sell or a solicitation to buy any securities.
Banc of California, Inc. announced that its board raised the quarterly cash dividend on common stock by 20% to $0.12 per share. The dividend is payable on April 1, 2026 to stockholders of record as of March 16, 2026.
The board also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, payable on March 2, 2026 to holders of record on February 19, 2026. The company highlighted this increase as a reflection of strong financial performance and confidence in its earnings outlook.
The company maintains a Dividend Reinvestment Plan that allows common stockholders to acquire additional shares at a 3% discount to the applicable market price.
Banc of California, Inc. filed a current report stating that it has released its financial results for the fourth quarter and full year ended December 31, 2025. The results themselves are contained in a separate press release that is included as an exhibit to the filing.
The company also plans to review these fourth quarter and full year 2025 results on a public conference call at 10:00 a.m. Pacific Time on January 22, 2026. Investors and other interested parties can access the call by phone using the provided event code or by a live audio webcast and slide presentation available through the company’s investor relations website.
Banc of California, Inc. (BANC) furnished an announcement of its third-quarter 2025 financial results. The company provided a press release and investor presentation for reference.
The bank will host a conference call to discuss Q3 results at 10:00 A.M. Pacific Time on October 23, 2025. Participants can dial (888) 317-6003 with event code 5396883, or listen via a live audio webcast available on the company’s Investor Relations website, where the slide presentation will also be posted.